RE:RE:RE:Q&A with interim CEO Bill TempanyLC123: I really can’t say. I am not a financial consultant, I am a long-time shareholder (2008). I do think that Flyht simply needs to hang in until the industry recovers which could begin to happen in the second half of 2021. RAVN’s recovery and return to service today is a good sign.
If Flyht does hang in (and it does look like they will do so), Flyht should return to its previous share value of early 2020 and then some. (On January 17th, 2020, Flyht shares saw a high for this year of $1.88 before closing at $1.78.)
If it was the inability of Flyht to become and remain profitable that caused its July 17, 2017 consolidation share price of $2.70 to fall, then we should see a return to that level if Flyht regains profitability and proves it can maintain it going forward. Where the share price might go after that remains to be seen.
When to get on the bus or off the bus is a personal decision.
In a quick look, this is where I see assured company growth in the relative short term...
- 160+ AFIRS SatCOM installations for Westjet (due to be completed in 2021, and I think the 35 shipsets mentioned in today’s news are these)
- the eventual resumption of delivery of $34 million in backlogged product and services (including the 110+ installations for AirAsia)
- the potential for added weather data business as a result of the ongoing ECCC tests which, in my mind, might result in Canadian government-funded AFIRS/Tamdar installations on a significant number of commercial aircraft flying domestic and international routes in, and based in, Canada, on aircraft of present and future clients
- new business and expanded services from the Actionable Intelligence offering (being developed and tested with China Express and Swoop)
I expect Westjet will be closely watching how the installations on their subsidiary Swoop will go. If they like what they see, Flyht could quickly add 160+ Westjet planes to the SaaS revenue roster since AFIRS will have already been installed for their SatCOM.
Tannin: whenever I hear the word “canard” I think of the movie “The Natural”. Hobbs didn’t know either. Nothing lately about Fedex.
Triken: Bill answered all and avoided none. He had no foreknowledge as to what I would ask about when he agreed provide answers.